Dec 20th 2023 | by Mary Scott Nabers Here’s something that may surprise you! Statistics tell us that American roads are more dangerous than those of other developed countries. The U.S. roadway fatality rate has hovered around 12 deaths per 100,000 motorists for the past 15 years, while other developed countries have traffic fatality rates of […]
by Mary Scott Nabers Last week, the Federal Railroad Administration (FRA) announced $8.1 billion in funding for passenger rail projects. The funding is a part of the Bipartisan Infrastructure Act that Congress passed several years ago, but the funding now is flowing aggressively. This type of historic support is facilitating an abundance of rail projects throughout […]
As the Biden administration begins to address climate change, transit authorities throughout the country will benefit from funding.
Clean air is a major component of sustainability, so increased funding will flow to public transit authorities in an effort to reduce the number of automobiles on roadways. Major initiatives at the local levels of government will provide hundreds of contracting opportunities as public officials attempt to make public transportation more convenient, economical, and attractive.
Dozens of media reports flood our inboxes, and there are newspaper articles daily about the COVID relief bill that Congress is expected to pass very soon. How large will it be? What will the funding cover? When and how will the funding programs work? These are all good questions!
But, once we get the answers, the next hot topic to surface will be related to an infrastructure bill that Congress is expected to pass. What will it include? What type of projects will be covered? How will regions receive funding? How can contractors get involved?
Even though the world is dealing with a pandemic and travel has been discouraged for months, Nov. 29, 2020, set a record for the number of people passing through United States airports during a single day that year. The Transportation Security Administration (TSA) reported that approximately 1.2 million citizens flew that Sunday.
The Federal Aviation Administration (FAA) has identified 3,304 existing public-use airports and six proposed new airports that are expected to drive spending estimates to approximately $43.6 billion for projects that will be launched over the next few years. That’s an increase of $8.5 billion from the last estimate.
Contractors should pay attention to sustainability and expansion initiatives coming down the line to position themselves to take advantage of opportunities. As the Biden Administration begins to address climate change, transit authorities throughout the country will benefit from funding.
Clean air is a major component of sustainability, so increased funding will flow to public transit authorities in an effort to reduce the number of automobiles on roadways. Major initiatives at the local levels of government will provide hundreds of contracting opportunities as public officials attempt to make public transportation more convenient, economical and attractive.
Transportation leaders have hoped for years that Congress would pass an infrastructure bill, but chances for billion-dollar infusions of cash don’t seem likely. Now, there are pilot programs and studies on ways to generate revenue, and there’s evidence of a major trend that’s developing.
Transportation infrastructure will be a high priority throughout the country in 2021. Many large projects have already been announced, and others are anticipated. However, there are significant indications that a major change is emerging in how transportation-related projects will be funded in the future.